There were a number of stocks which ended up with considerable gains on Monday and one of those was the Wolverine Technologies Corp (OTCMKTS:WOLV) stock, which clocked gains of as much as 56% amidst heavy interest. The company announced yesterday that it had finally submitted all the pending disclosure documents by way of SEDAR.
Trading Data
On Monday, WOLV stock soared 55.88% to $0.0053 with more than 9.91 million shares, compared to its average volume of 123k shares. The stock moved within a range of $0.0035 – 0.0140 after opening trade at $0.0035.
Wolverine Announces ASC Revocation Order and Appointment of New CEO
Following the submissions, the Cease Trade Order that had been placed on the Wolverine Technologies stock back on October 5, 2020 had also been revoked by the Alberta Securities Commission. However, that was not the only announcement from the company that may have had an effect on the stock price.
The company also announced that it had appointed Bruce Costerd as its new Chief Executive Officer and the appointment had gone into effect on January 24, 2022. The previous CEO Richard Haderer had resigned from his position on the same day. However, it ought to be noted that Haderer is going to continue to be involved with Wolverine since he had been made the Chief Financial Officer. Considering the gains made by the stock yesterday, it may come into sharp focus among investors today as well. It could be a good move to keep your eyes on Wolverine Technologies today.
Technical Data
WOLV stock is trading below the 20-Day and 50-Day Moving averages of $0.0038 and $0.0039 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.00800. The stock is up 43% in the past week.
